Question: The chapter discusses seniority/longevity pay and merit pay. It notes that before either are implemented pay rates should be adjusted for cost of living/inflation. Given

The chapter discusses seniority/longevity pay and merit pay. It notes that before either are implemented pay rates should be adjusted for cost of living/inflation. Given the current inflation and economic uncertainty, how does first adjusting for cost of living/inflation impact just-meaningful pay increases. Consider the employee and the employer side.

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